Forex Parabolic Regression Reverse Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Parabolic Regression Reverse Indicator. Its name points to Parabolic SAR. It draws arrows on the chart. It has 9 settings, for example Regression Degree (default 2), K Deviation Channel (default 2) and Trend Line Color (default Gold). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Parabolic Regression Reverse Indicator
Forex Parabolic Regression Reverse Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 9 settings, such as Regression degree, K deviation channel and Trend line color. MQL source code included.
Files in the download: installation manual.txt, ^X_ParabolicRegression_StopAndReverse.ex4, ^X_ParabolicRegression_StopAndReverse.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Regression degree | 2 | |
| K deviation channel | 2 | |
| Trend line color | Gold | Colour on the chart |
| Res line color | OrangeRed | Colour on the chart |
| Sup line color | DeepSkyBlue | Colour on the chart |
| Regression color1 | Yellow | Colour on the chart |
| Regression color2 | Lime | Colour on the chart |
| Regression color3 | Red | Colour on the chart |
| Regression color4 | RoyalBlue | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Parabolic SAR · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code